HUNTERSVILLE, N.C. — Goodyear's purchase of Cooper Tire & Rubber Co. — finalized on June 7 — won't stand in the way of the relationship between Cooper and American Tire Distributors Inc. (ATD).
At least through 2021.
Keith Calcagno, chief merchant and strategy officer at Huntersville-based ATD, said in a statement to Tire Business that the tire distributor looks "forward to continuing our work with Cooper on several new product launches (including exclusive products) in the second half of 2021 that will be coming to our customers and continuing to help grow the Cooper, Mastercraft, Mickey Thompson and ATD's proprietary brands."
Mr. Calcagno said it will be "business as usual for us, and we are focused on delivering the broadest assortment of tires, wheels and shop supplies to our customers."
ATD, the largest independent tire wholesaler in North America, has been a longtime distributor of the Cooper brand, a partnership that Mr. Calcagno termed "a very long, deep and personal relationship."
In announcing the completion of the $2.5 billion cash and stock deal that unites the world's No. 3 and No. 13 tire makers, based on global sales, Goodyear Chairman, President and CEO Rich Kramer listed three items that won't change in 2021:
- Existing strategies for the brands, product portfolios, programs and promotions;
- Goodyear and Cooper production launches will remain on track; and
- In the near term, the plan for the "combined manufacturing footprint" will stay the same.
In addition, Goodyear stressed that distribution will remain the same in the short-term.
What happens beyond 2021 remains unclear.